Snipp Interactive Correlations

SNIPF Stock

USD 0.04 0.01 13.99%

The current 90-days correlation between Snipp Interactive and ESE Entertainment is -0.21 (i.e., Very good diversification). The correlation of Snipp Interactive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Snipp Interactive Correlation With Market

Good diversification

The correlation between Snipp Interactive and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Snipp Interactive and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Snipp Interactive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snipp Interactive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snipp Interactive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snipp Interactive to buy it.

Moving against Snipp Pink Sheet

0.72	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.7	BAC	Bank of America Aggressive Push	Pair Corr
0.69	PBMRF	PT Bumi Resources	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.66	JPM	JPMorgan Chase	Pair Corr
0.66	AXP	American Express Sell-off Trend	Pair Corr
0.66	CAT	Caterpillar Earnings Call Today	Pair Corr
0.63	IBM	International Business Sell-off Trend	Pair Corr
0.5	HCMC	Healthier Choices	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.32	WMT	Walmart	Pair Corr

Related Correlations Analysis

	LUDG	ENTEF	EMWPF	HMMR	HWAL	HYPPF	TGNT	DTRL	EGLXF	BBOP
LUDG		-0.56	0.43	0.59	-0.19	-0.03	-0.47	0.24	0.7	0.0	LUDG
ENTEF	-0.56		-0.34	-0.7	0.13	-0.46	0.61	-0.5	-0.47	0.0	ENTEF
EMWPF	0.43	-0.34		0.47	0.06	-0.48	-0.14	-0.03	0.51	0.0	EMWPF
HMMR	0.59	-0.7	0.47		-0.31	0.13	-0.59	0.5	0.64	0.0	HMMR
HWAL	-0.19	0.13	0.06	-0.31		-0.15	0.24	-0.34	-0.31	0.0	HWAL
HYPPF	-0.03	-0.46	-0.48	0.13	-0.15		-0.31	0.44	-0.08	0.0	HYPPF
TGNT	-0.47	0.61	-0.14	-0.59	0.24	-0.31		-0.59	-0.43	0.0	TGNT
DTRL	0.24	-0.5	-0.03	0.5	-0.34	0.44	-0.59		0.14	0.0	DTRL
EGLXF	0.7	-0.47	0.51	0.64	-0.31	-0.08	-0.43	0.14		0.0	EGLXF
BBOP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BBOP
	LUDG	ENTEF	EMWPF	HMMR	HWAL	HYPPF	TGNT	DTRL	EGLXF	BBOP

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

EGLXF	+ 0.7	LUDG
EGLXF	+ 0.64	HMMR
TGNT	+ 0.61	ENTEF
HMMR	+ 0.59	LUDG
EGLXF	+ 0.51	EMWPF
DTRL	+ 0.5	HMMR

High negative correlations

HMMR	- 0.7	ENTEF
DTRL	- 0.59	TGNT
TGNT	- 0.59	HMMR
ENTEF	- 0.56	LUDG
DTRL	- 0.5	ENTEF
HYPPF	- 0.48	EMWPF

Risk-Adjusted Indicators

There is a big difference between Snipp Pink Sheet performing well and Snipp Interactive Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Snipp Interactive's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LUDG	11.43	(0.01)	0.02	0.09	13.78	(24.22)	39.13	(32.26)	90.00
ENTEF	7.51	1.87	0.20	(0.82)	5.70	(15.46)	20.00	(12.50)	89.08
EMWPF	5.97	1.67	0.00	(0.80)	0.00	0.00	0.00	0.00	150.00
HMMR	7.12	0.07	0.01	0.14	9.69	(19.77)	15.38	(19.23)	95.18
HWAL	15.14	3.11	0.18	(21.11)	13.71	(20.74)	44.23	(25.00)	88.78
HYPPF	25.44	12.49	0.00	(0.41)	0.00	0.00	0.00	0.00	915.25
TGNT	8.86	1.61	0.11	2.14	8.80	(15.60)	31.03	(17.14)	69.78
DTRL	0.75	(0.08)	0.00	2.26	0.00	0.00	1.79	(3.45)	7.95
EGLXF	6.77	(0.64)	0.00	(0.18)	0.00	0.00	14.58	(17.24)	46.19
BBOP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Snipp Interactive without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Snipp Interactive Corporate Management

Wayne Weng	Chief Officer	Profile
Anthony Aguiar	VP Devel	Profile
Tom Treanor	Chief Officer	Profile
Christian Hausammann	Managing Europe	Profile
CPA CGA	CFO Sec	Profile

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